Governance & Compliance 15: Prompt Payment Discounts

Posted on 10 April 2015 by financeschools-mailbox@devon.gov.uk

There has been a change in the way prompt payment discounts are now to be processed for VAT.  The rules are complex and we therefore recommend that if you receive any invoice offering a prompt payment discount that you contact Sarah or Karen in the VAT team to discuss this before processing the invoice.  Thank you.  VAT Tel: 01392 382842 / 382410 or email: vathelpdesk-mailbox@devon.gov.uk